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प्रश्न
TRUE OR FALSE.
Long-term loans for working capital may be obtained from commercial banks.
सत्य या असत्य
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उत्तर
This statement is false.
Explanation:
Working capital refers to short-term needs of a business (day-to-day operations like raw materials, wages, etc.), so short-term loans are generally used. Long-term loans are usually taken for fixed capital requirements (purchase of machinery, land, buildings, etc.). For working capital, businesses take short-term loans or overdrafts from commercial banks.
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